Federal reserve board member. First round of votes are expected at 12 15 eastern. Youre watching live coverage of the u. S. Senate right here on cspan2. The president pro tempore the senate will come to order. The chaplain of the senate, dr. Black, will lead the senate in prayer. The chaplain let us pray. Holy god, your goodness extends to all generations. Thank you that you can be found by all who truly seek you. You are our god and we trust your love, wisdom, and power. Lord, guide our senators to protect our goodly heritage of freedom, using them to defend our constitution from all enemies, please, god, hear our fervent prayers, for you are our refuge and strength. Cause us to live now as we shall wish we had done when our time comes to die. We pray in your great name. Amen. The president pro tempore please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible,
Hour. How about avoiding downturn or recession. The Trump Administration examining proposals to boost the economy amid warning signs of at least a slowdown. The president made comments in oval office, being very careful. Melissa you dont want me to get hysterical. Connell youre sitting this close to me. Latest on white house plan, what the president had to say. New details on apples streaming service. How the Company Plans to take on netflix. How it compares to disney plus. As well as major change at one us airport. What you need to know before you head through security. Melissa fox Business Team coverage. Gerri willis on floor of the New York Stock Exchange. Blake burman at the white house and Kristina Partsinevelos in the newsroom. Well start with blake. Reporter melissa, President Trump said a little while ago talking about a recession is quote, inappropriate be. He also talked down any potential recessionary fears, talking up the possibility of tax cuts, new tax cuts down the line.
Dont know. A Study Reveals the lengths people go to to avoid awkward elevator encounters. Its friday, august 2nd. Fbn a. M. Starts right now. This is how we do it. Its friday night. And ill feel all right. The partys here on the west side. So i reach for my shorty and i turn it up. Designated driver take the keys to my truck. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren happy friday. Good morning. Ism lauren simonetti. Cheryl lets take a look at how your money is moving this morning. After yesterdays 280 point drop for the dow. Were down 104 in the premarket, nasdaq down 64 and three quarters. Lauren in the bond market, the 10 year treasury is down another 4 basis points, 1. 85 . Cheryl after yesterdays nearly 8 plunge on wti, taking a look at oil. Were slightly higher, 54. 94. Lauren a lot is moving the asian market, a sea of red. Look at the nikkei in japan, it is down more than 2 . The south korean kospi is down 1 . Japan has removed south korea from their list
Much. Things a lot. You can watch live coverage of the u. S. House on cspan. The senate is about to gavel back in for more debate on defense programs and policy this afternoon. Shortly we take live to the floor of the u. S. Senate for more debate. The presiding officer the senate will come to order. The presiding officer the senator from texas. Mr. Cornyn madam president , are we in a quorum call . The presiding officer we are not. Mr. Cornyn madam president , yesterday the Senate Overwhelmingly voted to proceed to the National Defense authorization act by a vote of 868. Excuse me, 866. Thats about as overwhelming a bipartisan vote as weve had lately, and its for good reason. Because this bill represents one of our most fundamental duties as a United States congress, which is to authorize military expenditures and to provide our men and women in uniform with the resources they need in order to protect the American People. The Defense Authorization bill would authorize funding for the d
Fed. David today is jobs day. Last night, july 4 celebrations, including in boston led by alix steel and carol massar. It does strike me as i talk to you over in europe that one of the really iconic moments is an overture written by a russian composer, tchaikovsky, about a european war in 1812. It is kind of ironic. Incidentally, i remember trying to play that. With all the cannons firing, very difficult. But i digress. Seeing the market may be not hoping for them many fireworks. Lets have a look at the data right now. S p futures pointing downward. European equity markets a little bit sluggish. The euro is a little weaker. German data came in disappointing. Yields on the u. S. 10 year around the 1. 96 level. Weve seen selling in stocks and bonds in the european morning. Ive put iron ore in the data check today, not oil, because we seem big drops in iron ore in the Asian Session once again. It has been dropping like a stone. Story ise iron ore really quite something this morning. It is